Talanx AG : 2020 results in line with forecasts
>Net income of € 673m in 2020 close to our forecast - On Friday morning, Talanx published its key figures for 2020. Note that the group is due to publish its detailed net income on 15 March 2021. The group has indicated gross written premium of € 41bn, up 4.1% and operating profit of € 1.7bn (vs € 2.4bn in 2019) in line with our forecast. Talanx has reported 2020 net income of € 673m (vs € 923m in 2019) very close to our forecast (€ 665m) and a shade below the FactSet...Talanx is a financial and management holding company. Co. is internationally active in primary insurance and reinsurance and in both property/casualty and life business. In the more than 100 years of Co.'s history, Co. has evolved from a single-line liability insurer for industry into a global insurance group with a focus on the industrial and retail lines and reinsurance business. Through its subsidiaries, Co. is engaged in five business segments: Life/Health Reinsurance; Non-Life Reinsurance; Retail Germany; Industrial Lines; and Retail International.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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